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Polybolos

Active
Private limited companyfounded 2008active for 18 yearsTervuursevest 24, 3000 Leuven, BelgiumKBO/BCE: BE 0895.450.550
Summary

Polybolos has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €70,210 and a net result of €34,254. Equity is growing by about 14% per year across the filed financial years. Its solvency ranks better than 36% of 39,068 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Financials · financial year 2025, micro format

Equity
€70,210▲ 4.5%
2024 · €67,170
Total assets
€181,008▲ 14.5%
2024 · €158,042
Net result
€34,254▲ 97.4%
2024 · €17,356
Working capital
€42,165▼ 1.6%
2024 · €42,843
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result recovers in 2025; 2025 is 65% above 2024.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€50,774 2025 Net result€34,254 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result€7,605-€12,184▲ 60.2%€54,401▲ 347%-€9,615€57,417€32,205▼ 43.9%€30,720▼ 4.6%€50,774▲ 65.3%
Net result€2,276-€5,903▲ 159%€36,665within the sector's middle half▲ 521%-€10,551below the sector's middle half€38,795within the sector's middle half€21,538within the sector's middle half▼ 44.5%€17,356within the sector's middle half▼ 19.4%€34,254within the sector's middle half▲ 97.4%
Equity€20,460-€26,363▲ 28.9%€51,674within the sector's middle half▲ 96.0%€41,123within the sector's middle half▼ 20.4%€49,814within the sector's middle half▲ 21.1%€49,814within the sector's middle half=€67,170within the sector's middle half▲ 34.8%€70,210within the sector's middle half▲ 4.5%
Total assets€93,874-€72,252▼ 23.0%€85,926within the sector's middle half▲ 18.9%€58,296below the sector's middle half▼ 32.2%€126,052within the sector's middle half▲ 116%€147,625within the sector's middle half▲ 17.1%€158,042within the sector's middle half▲ 7.1%€181,008within the sector's middle half▲ 14.5%
Debt€73,414-€45,889▼ 37.5%€34,251▼ 25.4%€17,172▼ 49.9%€76,238▲ 344%€97,811▲ 28.3%€90,872▼ 7.1%€110,798▲ 21.9%
Working capital€24,623-€24,397▼ 0.9%€45,445within the sector's middle half▲ 86.3%€33,405within the sector's middle half▼ 26.5%€31,562within the sector's middle half▼ 5.5%€30,845within the sector's middle half▼ 2.3%€42,843within the sector's middle half▲ 38.9%€42,165within the sector's middle half▼ 1.6%
Solvency21.8%-36.5%▲ 14.7pp60.1%within the sector's middle half▲ 23.7pp70.5%within the sector's middle half▲ 10.4pp39.5%within the sector's middle half▼ 31.0pp33.7%within the sector's middle half▼ 5.8pp42.5%within the sector's middle half▲ 8.8pp38.8%within the sector's middle half▼ 3.7pp
Current ratio1.50-1.63▲ 0.132.33within the sector's middle half▲ 0.702.95within the sector's middle half▲ 0.621.86within the sector's middle half▼ 1.091.62within the sector's middle half▼ 0.242.10within the sector's middle half▲ 0.481.52within the sector's middle half▼ 0.58
Return on assets (ROA)2.4%-8.2%▲ 5.7pp42.7%above the sector's middle half▲ 34.5pp-18.1%below the sector's middle half▼ 60.8pp30.8%above the sector's middle half▲ 48.9pp14.6%within the sector's middle half▼ 16.2pp11.0%within the sector's middle half▼ 3.6pp18.9%within the sector's middle half▲ 7.9pp
above within below the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €181,008
Fixed assets €57,179 ▼ 24.9%
Current assets €123,828 ▲ 51.2%
Equity and liabilities €181,008
Equity €70,210 ▲ 4.5%
Debt €110,798 ▲ 21.9%
Debt's share of the balance-sheet total rises from 57.5% to 61.2%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€69,735▲
2024 · €52,350
Cash flow
€53,214▲
2024 · €38,986
Debt to equity
1.58▲
2024 · 1.35
ROE
48.8%▲
2024 · 25.8%
Interest coverage
19.54▲
2024 · 15.06
Debt ≤ 1 year
€81,664▲
2024 · €39,059
Debt > 1 year
€29,134▼
2024 · €51,813
Income taxes
€13,013▲
2024 · €9,888
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 34,695 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95.3% are still going.

  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.7% went bankrupt
3.9% stopped otherwise
95.3% still going

For this company itself Checked computes a bankruptcy probability of < 0.1% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,473 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 34,695 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 50 lines
Balance sheet Code20242025
Assets
Total assets20/58€158,042€181,008▲
Fixed assets21/28€76,140€57,179▼
Tangible fixed assets22/27€76,140€57,179▼
Land and buildings22€28,689€27,350▼
Furniture and vehicles24€44,769€27,907▼
Other tangible fixed assets26€2,682€1,923▼
Current assets29/58€81,902€123,828▲
Amounts receivable within one year40/41€76,092€83,674▲
Trade receivables40€0€8,717▲
Other amounts receivable41€76,092€74,958▼
Cash at bank and in hand54/58€0€35,012▲
Deferred charges and accrued income490/1€5,810€5,142▼
Equity and liabilities
Total equity and liabilities10/49€158,042€181,008▲
Equity10/15€67,170€70,210▲
Contributions10/11€18,600€18,600=
Reserves13€48,570€51,610▲
Distributable reserves133€48,570€51,610▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€90,872€110,798▲
Amounts payable after more than one year17€51,813€29,134▼
Financial debts170/4€51,813€29,134▼
Amounts payable within one year42/48€39,059€81,664▲
Current portion of amounts payable after more than one year42€21,955€22,679▲
Financial debts43€6,819€3,792▼
Credit institutions430/8€6,819€3,792▼
Trade debts44€7,897€4,514▼
Suppliers440/4€7,897€4,514▼
Taxes, remuneration and social security45€2,388€19,465▲
Taxes450/3€2,388€19,465▲
Other amounts payable47/48-€31,214
Accrued charges and deferred income492/3€0-
Income statement Code20242025
Non-recurring operating income76A€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21,630€18,961▼
Other operating charges640/8€2,439€6,918▲
Gross operating margin9900€54,789€76,653▲
Operating profit (loss)9901€30,720€50,774▲
Financial income75/76B€0€60▲
Recurring financial income75€0€60▲
Financial charges65/66B€3,476€3,568▲
Recurring financial charges65€3,476€3,568▲
Profit (loss) for the period before taxes9903€27,244€47,267▲
Income taxes67/77€9,888€13,013▲
Profit (loss) for the period9904€17,356€34,254▲
Profit (loss) for the period to be appropriated9905€17,356€34,254▲
Appropriation of the result
Profit (loss) to be appropriated9906€17,356€34,254▲
Transfer from equity791/2-€31,214
Transfer to equity691/2€17,356€34,254▲
To other reserves6921€17,356€34,254▲
Profit to be distributed694/7€0€31,214▲
Return on contributions (dividend)694€0€31,214▲

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022202320242025Change
Non-recurring operating income76A---€0-€6,647€0--
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13,133€7,145€2,764€1,142€9,393€15,092€21,630€18,961▼ 12.3%
Other operating charges640/8---€763€830€1,820€2,439€6,918▲ 184%
Non-recurring operating charges66A---€3,652€0----
Gross operating margin9900€21,491€20,195€58,764-€4,058€67,640€49,117€54,789€76,653▲ 39.9%
Operating profit (loss)9901€7,605€12,184€54,401-€9,615€57,417€32,205€30,720€50,774▲ 65.3%
Financial income75/76B---€0€20€0€0€60▲ 604,600%
Recurring financial income75€70€5€0€0€20€0€0€60▲ 604,600%
Financial charges65/66B---€892€1,976€3,177€3,476€3,568▲ 2.6%
Recurring financial charges65€1,614€2,970€2,113€892€1,976€3,177€3,476€3,568▲ 2.6%
Profit (loss) for the period before taxes9903€6,061€9,218€52,289-€10,507€55,461€29,028€27,244€47,267▲ 73.5%
Income taxes67/77€3,785€3,315€15,623€44€16,666€7,490€9,888€13,013▲ 31.6%
Profit (loss) for the period9904€2,276€5,903€36,665-€10,551€38,795€21,538€17,356€34,254▲ 97.4%
Profit (loss) for the period to be appropriated9905€2,276€5,903€36,665-€10,551€38,795€21,538€17,356€34,254▲ 97.4%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€93,874€72,252€85,926€58,296€126,052€147,625€158,042€181,008▲ 14.5%
Fixed assets21/28€20,018€9,187€6,273€7,718€57,701€66,970€76,140€57,179▼ 24.9%
Tangible fixed assets22/27€19,868€9,037€6,273€7,718€57,701€66,970€76,140€57,179▼ 24.9%
Land and buildings22---€2,759€2,299€1,839€28,689€27,350▼ 4.7%
Furniture and vehicles24---€0€51,202€61,690€44,769€27,907▼ 37.7%
Other tangible fixed assets26---€4,959€4,200€3,441€2,682€1,923▼ 28.3%
Financial fixed assets28€150€150€0------
Current assets29/58€73,856€63,065€79,653€50,578€68,351€80,655€81,902€123,828▲ 51.2%
Amounts receivable within one year40/41€40,054€62,466€68,614€49,392€64,537€70,246€76,092€83,674▲ 10.0%
Trade receivables40---€500€15,116€14,944€0€8,717-
Other amounts receivable41---€48,892€49,421€55,303€76,092€74,958▼ 1.5%
Cash at bank and in hand54/58€469€2€8,237€0€1,828€5,433€0€35,012▲ 7,957,200%
Deferred charges and accrued income490/1---€1,185€1,985€4,976€5,810€5,142▼ 11.5%
Equity and liabilities
Total equity and liabilities10/49€93,874€72,252€85,926€58,296€126,052€147,625€158,042€181,008▲ 14.5%
Equity10/15€20,460€26,363€51,674€41,123€49,814€49,814€67,170€70,210▲ 4.5%
Contributions10/11€18,600€18,600-€18,600€18,600€18,600€18,600€18,600=
Reserves13€1,860€7,763€33,074€33,074€31,214€31,214€48,570€51,610▲ 6.3%
Non-distributable reserves130/1---€1,860€0----
Reserves not available under the articles1311---€1,860€0----
Distributable reserves133---€31,214€31,214€31,214€48,570€51,610▲ 6.3%
Profit (loss) carried forward14----€10,551€0€0€0€0-
Amounts payable17/49€73,414€45,889€34,251€17,172€76,238€97,811€90,872€110,798▲ 21.9%
Amounts payable after more than one year17€24,181€7,221€0-€39,448€47,999€51,813€29,134▼ 43.8%
Financial debts170/4----€39,448€47,999€51,813€29,134▼ 43.8%
Amounts payable within one year42/48€49,233€38,668€34,208€17,172€36,789€49,811€39,059€81,664▲ 109%
Current portion of amounts payable after more than one year42---€0€11,259€16,405€21,955€22,679▲ 3.3%
Financial debts43---€3,536€0€2,547€6,819€3,792▼ 44.4%
Credit institutions430/8---€3,536€0€2,547€6,819€3,792▼ 44.4%
Trade debts44€12,042€12,342€8,026€5,470€10,120€8,077€7,897€4,514▼ 42.8%
Suppliers440/4---€5,470€10,120€8,077€7,897€4,514▼ 42.8%
Taxes, remuneration and social security45---€8,166€15,410€22,781€2,388€19,465▲ 715%
Taxes450/3---€8,166€15,410€22,781€2,388€19,465▲ 715%
Other amounts payable47/48-------€31,214-
Accrued charges and deferred income492/3---€0-€2€0--
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€2,276€5,903€36,665-€10,551€38,795€21,538€17,356€34,254▲ 97.4%
+ Depreciation and write-downs630€13,133€7,145€2,764€1,142€9,393€15,092€21,630€18,961▼ 12.3%
Operating cash flow (approximation)€15,409€13,048€39,430-€9,409€48,188€36,630€38,986€53,214▲ 36.5%
Investment in fixed assets (approximation)-€3,686€150-€2,587-€59,376-€24,361-€30,800€0-
Change in cash--€467€8,235-€8,237€1,828€3,605-€5,433€35,012-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Latest 10 of 17 filings with the National Bank
Financial year Type Filed Reference
31-12-2025 micro format 23-06-2026 2026-00185508
31-12-2024 micro format 15-07-2025 2025-00268696
31-12-2023 micro format 25-06-2024 2024-00162135
31-12-2022 micro format 19-06-2023 2023-00135061
31-12-2021 micro format 20-06-2022 2022-20072581
31-12-2020 micro format 30-06-2021 2021-27800302
31-12-2019 micro format 23-06-2020 2020-19400432
31-12-2018 micro format 24-06-2019 2019-22400532
31-12-2017 micro format 18-06-2018 2018-19300289
31-12-2016 micro format 22-06-2017 2017-21000068

Show all 17 filings

Similar companies · same sector, comparable size

Of the 82,397 active companies whose main activity is business and other management consultancy (NACE 70200), figures are known for 53,899. 40,707 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Subsidies and aid

Flemish government

2022 to 2025 · 3 entries · €624 awarded · €608 paid
Year Entries AwardedPaid
2025 1 €255€239
2023 1 €264€264
2022 1 €105€105
Schemes
3 entries · €624 · €608 paid · Fonds voor Innoveren en Ondernemen

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.